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This paper focused on the contributions of skills acquisition to alleviating the problem of unemployment in Nigeria. It blamed the high rate of unemployment in Nigeria to the type of educational system being practised. This emphasised theoretical or literacy education rather than entrepreneurial skills, technical and vocational kinds of education that could make graduates or trainees relevant in their contribution to the economy of the nation. It x-rays the need for skills acquisition, and suggests possible ways of improving the nation’s educational curriculum by introducing the dual type of educational system that encourages the acquisition of skills as well as theoretical education.